AgDay
Hosted by Haley Bickelhaupt, AgDay provides the nation’s farmers and ranchers with the latest news, weather and business headlines, and features the people and places unique to the industry and small-town America.
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Going into the final weeks of the year, many growers across the country are shouldering significant financial strain from land rent payments, rising input costs, and efforts to stay in business and viable until commodity prices improve.
Mike Zuzolo with Global Commodity Analytics says the grain complex also saw some buying interest on the lower U.S. dollar index, which reacted to U.S. economic data.
Corn, soybeans, and wheat futures traded within their previous day’s ranges on Tuesday, with minimal volatility as markets remained subdued ahead of the Thanksgiving holiday.
USDA says anticipated trade aid could be announced the first week of December, but ag economists are split on whether payments would provide relief or worsen lingering risks such as high input costs and market distortions.
Jamie Gieseke with Paradigm Futures says the weakness in the grain markets last week and to start this week was tied to liquidation and pricing of basis fixed contracts against December futures before the delivery period starts. Once that’s out of the way what is the next move?
Exports in the first 10 months of the year reached 329,000 tons, almost triple what they were for all of 2024.
The announcement to close the Lexington, Neb., plant and transition to one shift in Amarillo shocked the beef industry. While local impacts will be significant, analysts urge producers to remain calm as the market fundamentals steady following the reaction.
Because every growing season is unique, agronomists are encouraging corn growers to make a management plan for the “driver diseases” they’re most likely to encounter in fields next year.